Trump’s Crypto ‘Conflicts of Interest’ Are ‘Blocking’ Dem Legislation Support, Top Lawmaker Says

“IT’s No Secret that my side of the aisle would prefer not to see any sitting president – I Won’t Name One – Participating in this Market While a Sitting President” at the Salt Conference in Jackson Hole on Wednesday.

Trump, As Well As His Family, Particularly Eric Trump, Who Was Present at the Venue Dringing Craig’s Appearance, Have Both Built Businesses in the Industry, Particularly Since Trump Reteok.

Trump has Issued Several Meme Coins Tied to His Name and His Social Media Platform, Truth Social, Has Applied for Several Exchange-Traded Funds. Eric Trump Co-FOUNDED AMERICAN BITCOIN, A MINING Company Owned by Hut 8.

Craig, Who Was Joined by Rep. Bryan Steil (R-Wi.), Spoke on the Digital Asset Market Clarity Act Whoch The House Passed with A Massive Bipartisan Vote Last Month. The Senate Banking Committe is Working on It Own Version of Crypto Market Structure Legislation.

While the Majority of Republicans are in Favor of the Bill, Many Democrats Remain Skeptical, and A Big Reason for that Trump Family’s Involvement in the Industry, Craig Said.

“The Elephant in the ROOM here is the president’s family’s participation in this marketplace and that’s a stumbling block to get more democrats to supeport of the legislation,” she said.

Craig Said that While there is some enjoy in the legislation that limits this conflite of interest, A Stronger tone is Needed to Convince Some Lawmakers.

“If we could find some language that would have an alllow or prevent Conflicts of Interest to Occur, from Our Perspective, I THINK YOU WOULD SEE A WHOLE LOT more democrats Support IT.

Join The Crypto Policy Conversation Sept. 10 in DC – Register Now Coindesk: Policy & Regulation.